Tillkännagivande • Jul 27
Fury Gold Mines Limited Resumes Operations At Eau Claire After Temporary Suspension Due to Wildfire Fury Gold Mines Limited had resumed exploration and drilling activities at Eau Claire, located in the Eeyou Istchee Territory in the James Bay region of Northern Quebec, following a precautionary suspension due to a nearby wildfire. All personnel have safely returned to site, and the Company has resumed field activities following confirmation that conditions are suitable for a safe return to operations. The Company continues to monitor the situation and remains in communication with local authorities. This temporary suspension did not result in any material impact on its previously disclosed Phase 2 drill program at Eau Claire. Tillkännagivande • Jul 16
Fury Gold Mines Limited Temporarily Halts Exploration Activities At Eau Claire Camp Due to Nearby Wildfire Fury Gold Mines Limited announced that, as a precautionary measure, it has evacuated all personnel from its Eau Claire camp, located in the Eeyou Istchee Territory in the James Bay region of Northern Quebec, due to a forest fire burning in the vicinity of the site. The evacuation was carried out in coordination with local authorities and the Company's emergency response protocols. All employees and contractors have been safely evacuated from the camp, and no injuries have been reported. Exploration and drilling activities at Eau Claire have been temporarily suspended while the situation is assessed. The Company is closely monitoring the situation in collaboration with local and provincial fire authorities and will provide further updates as more information becomes available, including with respect to the timing of a return to site and any resulting impact on the Company's exploration program at Eau Claire. The Company does not currently expect this precautionary suspension to have a material impact on its previously disclosed Phase 2 drill program at Eau Claire, but will provide a further update once activities resume and the extent of any delay can be assessed. Tillkännagivande • Jul 13
Fury Gold Mines Limited Reports Intercept of 7.0 G/T Gold over 21.0 Metres At Eau Claire and Mobilizes Third Drill Rig Fury Gold Mines Limited announced the second batch of assay results (8 holes, 5,064 metres (m)) from its ongoing Phase 2 (15,000–25,000-metre) drill program at the Eau Claire gold project, and that it has mobilized a third diamond drill rig to the site. The most significant result from this batch of drilling is conversion drill hole 26EC-115, which tested an inferred portion of the mineral resource approximately 52 m down strike of drill hole 26EC-102 and 32 metres west of hole 23EC-110. The hole intersected 7.01 g/t gold over 21.0 m, including 10.27 g/t gold over 11.0 m, confirming the continuity of the high-grade shoot within the modelled zone. No other intercept of comparable true thickness has returned as high a grade at Eau Claire to date, highlighting both the scale and quality of mineralization encountered in this hole. In addition, drill hole 26EC-110, which also targeted mineralization within an inferred portion of the Eau Claire mineral resource, returned multiple intercepts along its length, including 5.68 g/t gold over 2.97 m and 2.53 g/t gold over 4.95 m. Drill holes 26EC-104, 26EC-105 and 26EC-113 returned a series of lower-grade intercepts within Zone 450, including 6.81 g/t gold over 0.98 m and 5.00 g/t gold over 1.96 m in 26EC-104, 5.07 g/t gold over 0.98 m in 26EC-105, and 7.31 g/t gold over 0.97 m in 26EC-113, further supporting the continuity of mineralization across the zone. Four holes were drilled in the hinge area, with assay results currently available for three of those holes. Drill hole 26EC-111 intersected 20.60 g/t gold over 0.85 m, with drill holes 26EC-112 and 26EC-114 also returning gold mineralization. Phase 2 drilling is aimed at converting inferred mineral resources into higher-confidence categories and expanding the indicated mineral resource. To date, 23 drill holes totalling approximately 11,650 m have been completed, of which three holes were abandoned. Assay results are currently available for 8 holes totalling 5,064 m, with partial assay results available for one additional hole, representing approximately 17% of that hole. With the addition of the third rig, Fury now has three drills active at Eau Claire, all operating within the same sector being tested under the Phase 2 program. The additional capacity will allow the Company to return to and further test certain zones that have already yielded significant drill results, while continuing to advance resource conversion and expansion drilling elsewhere within the modelled deposit. The company also plan to test for extensions of the high-grade shoot intersected in the hole 26EC-115, both up-plunge and down-plunge. Analytical samples for the Drill Program were taken by sawing HQ diameter core into equal halves on site with one half sent to ALS Chemex in Val D’or, Quebec, Canada for preparation and analysis. All samples were assayed using a 50 g nominal weight fire with assay atomic absorption finish (Au-AA24) and multi-element four acid digest ICP-AES/ICP-MS method (ME-MS61). Where Au-AA24 results were greater than 10 ppm by Au-AA24 were re-assayed with 50 g nominal weight fire assay with gravimetric finish (Au-GRA22). QA/QC programs using internal standard samples and blanks, field and lab duplicates, and lab standards and blanks indicate good overall accuracy and precision. Tillkännagivande • Jul 07
Fury Gold Mines Limited Commences 2026 Drilling Program At Committee Bay in Nunavut Fury Gold Mines Limited announced that the 2026 drill program is underway at the Committee Bay project, located in the eastern Kitikmeot region of Nunavut, Canada. The Project covers over 235,000 hectares with district-scale discovery potential. The 2026 drill program will comprise approximately 5,000 metres (m) of diamond drilling, focusing on the Three Bluffs deposit and the Antler prospect where past drilling has identified significant gold mineralization. At the Three Bluffs deposit approximately 13 holes will be drilled along approximately one kilometre of strike length with a key focus to infill and expand the known mineral resources. In the 2026 program, three holes are currently planned at the Antler gold zone to test high-priority step-out and infill targets identified through a review of historical drilling. Two previously drilled intersections hole 16AN044 (9.9 m at 3.19 g/t Au) and hole 11AN042 (13.0 m at 4.0 g/t Au) returned significant gold grades but remain untested along strike and at depth. A resource gap exists above the 2011 intersection, presenting an opportunity for resource expansion in an area of known mineralization. The Antler zone was last drilled in 2016 by a previous operator. Results from the 2026 program are expected to be incorporated into a future updated mineral resource estimate. The planned drilling strategy is focused on maximizing drilling efficiency and increasing drill density in priority areas through a systematic approach. The selected areas required less helicopter time and are less affected by weather-related disruptions, allowing the Company to advance the program more efficiently. The program will also provide additional information on grade variability, which can improve the understanding of geological structure for future exploration and development planning. The high-grade Three Bluffs Gold deposit is located centrally within the Committee Bay project and is estimated to contain 524,000 oz of gold in 2.1 million tonnes (Mt) at 7.85 g/t gold in the indicated mineral resource category and 720,000 oz in 2.9Mt of gold at 7.64 g/t gold in the inferred mineral resource category. The 2025 drilling program at Three Bluffs consisted of six diamond drill holes totaling approximately 2,778m. Four of the drill holes (2,041m), focused on expansion drilling at the Three Bluffs Shear Zone, intercepting gold mineralization across 315m of strike with mineralized widths of up to 19.5m, including 5.73 grams per tonne (g/t) gold across 3.0m within a broader interval of 1.18 g/t gold over 19.5m (Hole 25TB155), which ended in the mineralized zone. The remaining two drill holes, which totaled 737m, tested the southern contact of the 8 kilometre (km) long Raven Shear Zone, which historically returned drill intercepts of up to 12.60 g/t gold over 5.49m and 31.1 g/t gold across 2.8m with outcropping gold mineralization defined over 1.4 km. 2025 drilling in Nunavut successfully extended mineralization at Three Bluffs and confirmed the previously under explored regional scale shear zones contain strong alteration and gold mineralization across significant widths. Consistent with high-grade orogenic gold systems, gold mineralization within the Three Bluffs shear zone is highly variable over short distances. The Antler prospect is located within the Committee Bay gold belt, approximately 1.2 km from the Three Bluffs deposit. Drilling will test extensions of known mineralization at depth and along strike, including to the west, which will require additional drilling to confirm continuity in that area. In addition, the Company hopes to carry out a prospecting and sampling program on other previously identified gold occurrences on the property. The goal of this program is to prioritize other areas for future diamond drilling. Fury is fully financed to complete both of the proposed 2026 exploration programs at Committee Bay and its Eau Claire property in the Eeyou-Istchee/James Bay region of Quebec. Val rie Doyon, P.Geo, Senior Project Geologist at Fury, is a qualified person within the meaning of Canadian mineral projects disclosure standards instrument 43-101 and has reviewed and approved the technical disclosures in this press release. Tillkännagivande • Jun 23
Fury Gold Mines Limited Announces Metallurgical Test Results for Ninaaskumuwin Lithium Discovery with Potential Direct Shipping Ore Concentrate Fury Gold Mines Limited has announced the final metallurgical test results on its Ninaaskumuwin lithium discovery located on the Elmer East project, in the Eeyou Istchee James Bay Territory of Northern Quebec. The objective of the metallurgical test work was to characterize the mineralogy and metallurgical properties of the spodumene-bearing pegmatite intercepted in drilling. Analyzed 85 samples contain up to 42% spodumene. Sample grades range from 0.02% to 3.71% Li2O and from 0.36% to 6.30% Fe2O3. Spodumene is the only identified lithiferous mineral and the intercepted pegmatite is free of impurities, suggesting the potential for producing lithium concentrates suitable for manufacturing lithium carbonate and lithium hydroxide for batteries. Tests carried out demonstrated the feasibility of producing a Direct Shipping Ore concentrate grading 6.024% Li2O5 while recovering 76.66% of the lithium in 22.97% of the mass, through a single Dense Media Separation step applied to the coarsest crushed feed. The results obtained clearly support the use of DMS on crushed high-grade ore to be potentially sourced from the Ninaaskumuwin lithium discovery and to produce a DSO marketable Spodumene Concentrate (SC6). The quality of the intercepted LCT pegmatite indicates that the processing of the mineralized material as highly derisked. The Ninaaskumuwin lithium prospect is located on Fury’s 100% owned Elmer East project, which covers approximately 45,700 hectares. Ninaaskumuwin is easily accessible from the paved Billy Diamond highway, approximately 60 kilometres north of the ‘km 381’ rest stop where accommodation, catering, fuel, and power are available. The discovery sits approximately 50 km north of Rio Tinto plc’s Galaxy Lithium project, acquired in March 2025 as part of the acquisition of Arcadium Lithium plc for USD 6,700 million. Technical and scientific information disclosed from neighbouring Galaxy project does not necessarily apply to the Elmer East project. To carry out the metallurgical test work financial assistance was provided by the ministère des Ressources naturelles et des Forêts (MRNF). This financial support was granted as part of the fourth call for projects of the Mineral Exploration Support Program for Critical and Strategic Minerals (MCS). This program supports companies in the mineral exploration sector in carrying out their projects aimed at developing MCS deposits in Quebec. Mineralogical analysis and metallurgical tests were conducted by IGS, in their laboratory in Delson, Quebec. Metallurgical test work was completed by analysing ½ HQ drill core samples prepared using IGS’s procedure, complying with ISO-17025-version 2017. Valérie Doyon, P.Geo, Senior Project Geologist at Fury, is a “qualified person” within the meaning of Canadian mineral projects disclosure standards instrument 43-101 and has reviewed and approved the technical disclosures in this press release. New Risk • Jun 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$135.0m (US$96.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 93% per year for the foreseeable future. High level of non-cash earnings (57% accrual ratio). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$135.0m market cap, or US$96.8m). 
